2017 Fiscal Year Final Research Report
Analysis on the effect of holding cash physically on individual rationality: An economic experiment approach
Project/Area Number |
15K03353
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Research Category |
Grant-in-Aid for Scientific Research (C)
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Allocation Type | Multi-year Fund |
Section | 一般 |
Research Field |
Economic theory
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Research Institution | Kobe University |
Principal Investigator |
Shen Junyi 神戸大学, 経済経営研究所, 教授 (10432460)
|
Co-Investigator(Kenkyū-buntansha) |
高橋 広雅 広島市立大学, 国際学部, 教授 (80352540)
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Project Period (FY) |
2015-04-01 – 2018-03-31
|
Keywords | 手持ち現金 / 合理性 / 最後通牒ゲーム / 投資実験 |
Outline of Final Research Achievements |
In order to clarify whether or not holding cash physically has an influence on individual rationality, we conducted ultimatum game experiment and investment experiments during the research period. Both experiments were to verify whether two different forms of giving subjects initial endowments (i.e., cash and non-cash) would affect their behaviors. The results of both experiments suggest that decision making is more cautious when subjects hold cash in their hands than when subjects do not hold cash physically. It is also considered that such behavioral change is caused by the endowment effect and loss aversion by holding cash physically.
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Free Research Field |
行動経済学・実験経済学・応用計量経済学
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